In this book Harold L. Vogel comprehensively examines the business economics and investment aspects of major components of the travel industry, including airlines, hotels, casinos, amusement and theme parks and tourism. The book is designed as an economics-grounded text that uniquely integrates a review of each sector's history, economics, accounting, and financial analysis perspectives and relationships. As such, it provides a concise, up-to-date reference guide for financial analysts, economists, industry executives, legislators and regulators, and journalists interested in the economics, financing and marketing of travel and tourism related goods and services. The third edition of this well-established text updates, refreshes, and significantly broadens the coverage of tourism economics. It further includes new sections on power laws and price-indexing effects and also introduces new charts comparing airline and hotel revenue changes and lodging revenue changes in relation to GDP. Part I: Introduction.- Part II: Getting There.- Part III: Being There.- Part IV: Doing Things There.- Part V: Roundup.
Harold L. Vogel was ranked as top entertainment industry analyst forten years by Institutional Investor magazine, was the seniorentertainment industry analyst at Merrill Lynch for seventeen years, and wasinducted into the magazine's All-America Research Team Hall of Fame in 2011.Heis a chartered financial analyst (C.F.A.) and served on the New York StateGovernor's Motion Picture and Television Advisory Board and as an adjunctprofessor at Columbia University's Graduate School of Business. He also taughtat the University of Southern California and at the Cass Business School inLondon. He earned his Ph.D. in financial economics from the University ofLondon, an M.B.A. in finance from Columbia, and an M.A. in economics fromNew York University. Currently, he heads an independent investment andconsulting firm in New York City while often writing and speaking on investmenttopics related to travel, entertainment and media, and extreme market events. Harold Vogel is the authorof Financial Market Bubbles and Crashes (2010) and EntertainmentIndustry Economics 9th edition (2015), both published byCambridge University Press, and Travel Industry Economics 3ndedition (2016) published by Springer
